Igor Antunov wrote:How is investing 1/4 of what China is investing 'better'? And they can't build as quickly or efficiently because they don't have the construction companies that China has. I guess the bulk of that 300 billion euro will go to Chinese construction companies.
Construction companies? You mean Evergrande?
I guess the point is some desperate third world country doesn't need to be indebted to China any more and have leverage to seek other economic partners. Besides, economics is the new battlefield given war seems not to work. The EU is seeing what China is doing well and plans on emulating it to their advantage. This isn't about who is better although I am more than sure the €300bn is the first installment of a larger project. The point I guess is to build new economic partnerships and defacto improve their growth the way China has. And in laymen that is saying they are learning and copying. It should have been known for a while now that the EU is clearly looking long term and wants to move away from their reliance in the US. This is just one move on the chess board.
And sure, China have invested in Serbia and whatnot. But I suspect Serbia is merely waiting for their membership to be approved and would no doubt prefer taking EU money than Chinese loans.